The Norwegian Ministry of Oil and Energy offers 53 new exploitation licenses on the Norwegian shelf during the TFO2021 licensing round. Five of these licenses are located in the Barents Sea.

A TFO is an annual exploration round in the most mature areas on the Norwegian shelf. The goal is to best facilitate location and exploitation of viable resources in mature areas before existing infrastructure is shut down.

The 53 exploitation licenses on offer in this year’s round are distributed in the North Sea (28), the Norwegian Sea (20) and the Barents Sea (5). A total of 28 companies are offered parts in one or more of these licenses.

All licenses are linked to mandatory work programs.